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Export Tax Suspension to Increase FGV Exports Significantly

The government’s decision to suspend the crude palm oil (CPO) export tax for three months is expected to benefit plantation companies with significant upstream operations and strengthen the commodity prices for the first quarter of this year.

FGV Group President and Chief Executive Officer, Dato’ Zakaria Arshad said industry players are faced with issues of high CPO stocks level and strengthening of the Ringgit that have pressured the CPO price to around RM2,500 per MT.

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FGV on Track to Earn Premiums for its Certified Sustainable Palm Oil Products in Q1 2018

FGV is pleased to announce that it has received its Roundtable Sustainable Palm Oil (RSPO) Principles and Criteria (P&C) (“RSPO P&C“) certification for eight mill complexes at the end of 2017 following its voluntary withdrawal from the RSPO certification in May 2016.

The eight mill complexes that have so far been certified are expected to produce over 200,000 MT of Certified Sustainable Palm Oil (CSPO) and almost 60,000 MT of Certified Sustainable Palm Kernel Oil (CSPK).

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